PetroChina officially acquired a 100% stake in Putian New Energy to expand its charging network.

On September 7, China National Petroleum Corporation delisted from the Beijing Intellectual Property Exchange and acquired a 100% stake in Putian New Energy Co., Ltd. The reserve price for the equity transfer was nearly 1.5 billion yuan.This acquisition is an important layout of PetroChina in the field of charging.

Putian New Energy is the earliest central-owned enterprise in China to carry out charging business. It has a layout in the fields of vehicle technology, power batteries, charging equipment, carbon trading and value-added services, and can provide overall solutions for urban new energy vehicle application promotion and operation services.As of recently, the number of public charging piles of Putian New Energy has exceeded 20,000 units.

This acquisition is conducive to CNPC gas stations to further improve their new energy network, build a “charging+” industrial ecology, and transform and develop into an integrated energy service provider of “oil, gas, hydrogen, electricity and non-electricity”.

PetroChina said that in the next three years, it will seize the window period for the development of the new energy industry, complete the strategic layout of the charging pile business throughout the country, and strive to enter the ranks of the leading enterprises in charging and exchanging electricity, be a good leader in the national team of new energy vehicle charging infrastructure and the vanguard of the charging service industry, and improve the “people·car·life” ecosystem of gas stations, so that customers can realize “free charging of electricity, free travel of cars, and free hearts of people”.